Oil, Gas & Mining

Noor Financial Investment Company (Noor), a Kuwait-based investment firm, will start building a new oil refinery in Syria before the end of 2007
Syria's crude oil output averaged 404 000 barrels a day in 2006 according to Naji Otri, Syria’s Prime Minister.
INA has announced that it had started test production of natural gas from the Palmyra field.
IPR Energy, has started drilling works on Block 24, in the eastern region of Syria.
Tanganyika Oil Company is commissioning a new reserves analysis based on the results of drilling, and 3D seismic and steam stimulation at the Oudeh and Tishrin fields in Syria, which indicate a potential increase in oil resources and quality.
Maurel & Prom, a French independent oil company, has signed a production sharing contract over Block XI located in central-west Syria
Mahrukat is on its way to a record year in terms of sales as demand continues to grow.
Petro-Canada has announced that it had acquired Marathon’s assets in two major gas fields near Palmyra
Stratic Energy Corporation, the operator in Block 17, has announced that it had recently approved, together with its two partners, KUFPEC and DualEx Energy, an expanded seismic programme on Block 17.
Dove Energy has begun drilling operations in the Mare’s field on Block VI
Shell’s new investment in Syria is part of a long-term strategy says Campbell Keir, General Manager of Shell Syria, following the signing of two production sharing contracts with the Ministry of Oil
The production of phosphate in the first three quarters of this year is in line with projections.
Mahrukat is increasing its storage capacity.
The OPEC Fund for International Development (OFID) has granted Syria a loan to part-finance the stretch of the Arab Gas Pipeline that is going through its territory.
Drilling works on the Tigris well have started according to a statement from Gulfsands Petroleum.